6 months on rocket

507 Madison St, Fort Wayne, IN, 46802

$150,000

Home List Price

$1,781*

Closing Credit

6 Bedrooms
2 Full Baths
$70/SqFt
House

Location

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507 Madison St, Fort Wayne$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1925
HeatingForced Air
CoolingCentral Air
FireplaceNone
MLS #202424659
Lot Size0.10 Acres
StatusActive

About 507 Madison St

This updated 2-story home, with over 2,000 sqft, offers versatility for living, house hacking, or converting into a duplex. Featuring 6 bedrooms, 2 full bathrooms, and an attached shed, it’s perfect for a large family or an investor. Updates include plaster flooring, fresh paint, new cabinets, and revamped bathrooms, kitchen, and basement. Conveniently located in downtown Fort Wayne near Indiana Tech. This property is currently rented to 2 separate tenants. Each with a 1 year lease. Each paying 1000.00 a month.

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: CENTURY 21 Bradley Realty, Inc
  • Office Phone: (260) 246-1298
  • Listing Agent: Tyler Dohner

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Vinyl

Virtual/3D Tour

  • Virtual Tour: 507 Madison St
Virtual Tour

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn right from E Jefferson blvd to Monroe St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000
  • Price Per SqFt: $70/SqFt

Tax Information:

  • Annual Amount: $967
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Wayne, IN.

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Fort Wayne, IN

City

Med. Sold Price

$239.9K

Med. Price/SqFt

$139

Avg. Days On Market

18

# of Sold Homes

314

507 Madison St vs Fort Wayne

187 DAYS ON ROCKET

+169 Days

$150,000

-$89.9K Less

$70/SqFt

-$70 Less

KEY TAKEAWAY

This property is $89.9K less than the Median Sold Price and $70/SqFt less than other homes in Fort Wayne, IN.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #202424659

Listing Office:

  • Office Name: CENTURY 21 Bradley Realty, Inc
  • Office Phone: (260) 246-1298
  • Listing Agent: Tyler Dohner

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 8:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$967$40,600
2019$1,177$44,400
2017$883$39,900

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-748592
4
/10

  • Bloomingdale Elementary School

  • 1300 Orchard St

  • 1.07 miles

  • Public District Grades PK-5

school-card-donut-748593
5
/10

  • Washington Elementary School

  • 1015 W Washington Blvd

  • 1.08 miles

  • Public District Grades PK-5

school-card-donut-748594
4
/10

  • Forest Park Elementary School

  • 2004 Alabama Ave

  • 1.34 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,279. The majority of Fort Wayne, IN residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Madison St

What is the listing price of this property?

The listing price of 507 Madison St property is $150,000.

What type of property is this?

The property 507 Madison St is a house located in Fort Wayne, Indiana, 46802.

Is this property for sale now?

Active Listing: 507 Madison St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $967 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Madison St has 6 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 507 Madison St is 1925.

Rocket Homes›Indiana›Allen County›Fort Wayne›46802›507 Madison St

This home is located at 507 Madison St in Fort Wayne, IN and zip code 46802 in the East Central neighborhood. This home was built in 1925. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $150,000.

While more than 58 listings in Fort Wayne, IN in December 2024 were sold above asking price, there were more than 97 listings sold at asking price, and more than 148 were sold below. The number of homes for sale in Fort Wayne, IN decreased by 7.9% between November 2024 and December 2024. In December 2024 median list price was $239,900 and the average listing age was 18 days.

From Rocket Homes Real Estate and based on county public records data.

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